'The way in which Southern Africa is so intertwined requires of us to have a regional approach from the NDB,' he says.
Finance Minister Tito Mboweni delivers the 2019 budget in parliament on Wednesday, 20 February 2019. Picture: GCIS
The New Development Bank cannot separate South Africa from its neighbours when deciding on extending development loans, said Finance Minister Tito Mboweni on Monday. He cited roads which run from South Africa through several African countries and transport goods, as well as the Grand Inga project, which has the capacity to generate some 40,000 megawatts of hydropower from the Congo river, which can be distributed to South Africa and the rest of the Democratic Republic of Congo’s neighbours.
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